With upcoming earnings reports still coming in the Nasdaq still has plenty of room to run. I predict a retest of 6738-6727 range before continuing to the upside. The stop is wider than normal to account for the daily support level below the entry. Position size accordingly. This is a swing trade. Updates to follow
Note
At this point it is okay to move your stop loss to break even or even to secure a small profit. This is now a risk free trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.